Member Info for rustybucket

personally, I wouldnt mind a bit hedged at higher prices ( just in case ).

It looks like they have borrowed Ordinary shares : totalling 169,703,575 and with it the voting rights for those shares.

It then looks like they have a short position in the form of a contract for difference for 31,001,612 % of voting rights : -0.94%

Again this could be something to do with also having convertable bonds, but very interesting. I remember black rock doing something similar years ago with blnx and getting caught out.

CofE well done on your average and being so precise with the figures. Personally if I had been as confident as you seemed to be 9 and if I had the money ) I would have bought lower. But even at a price of 16p there should be plenty profit on that batch as well as long as POG delivers.

They WONT be debt free in 12 months. They cant repay the bonds until 2022 and 2024, and you can bet the holders want their coupon.

As Kenj said better to buy refractory ore process it and make even more profit while the sun shines.

Lawrence13. We would have been there a lot quicker if Hambro hadnt gambled ( and lost ) on the gold price

COFE if it was such a great company, as you have been preaching for months, why wait till 16p to add ???? when you could have addid in single figures ?? Or, did you not have the courage of your own convictions

The debt wont be cleared within a couple of years as there is no facility to repay it earlier.

Hasnt done much for the price.

why would shorts sell. They need to buy to close the short

23-Jan-20 Peel Hunt LLP Buy - 16.00 Reiteration a bit late to the party.

I don't think Norges have converted otherwise they would have shares. If anything its the other way round, as previously that had it all in shares, now it says financial instruments. So maybe they have sold their shares and managed to buy convertable bonds off someone.

My opinion only.

I think it is a bit harsh to have a go at Retired Banker as he has at least tried to put a spin on it. Yes he sold quite a few of his shares lower than the prevailing price, but he said he was doing to to diversify. He said he thought there would be a ceiling on the price because of the convertables, which has been the case in the past, but, if the company continue to increase production and in turn increase profits to enable it to have enough money to either repay or reduce the debts it will be a different animal.

At the end of the day, it was, and is his opinion, and thats the way it should be taken. As for diversifying, for large holdings it is never a good thing to have all your eggs in one basket. But every one to their own.

Positive update, but no info on potential profits which at the end of the day is the main thing. Hopefully the brokers will have another look at this and large institutional will realise that it is undervalued. ( As long as they do not cook the books ) or find ridiculous deals.

hopefully bodes well

That is tis year, and I would be very surprise if they didnt put in place some hedges, just in case. They also sometimes forward price to gazbrbank ( think thats how its spelt ) just need a positive update

I would love that to be the case, profits of that level, but at this time I dont see that being the case. Happy to be proved wrong.

Full Year 2019 Results & 2020 Guidance Thursday 23rd January 2020

You can get your money now by selling the shares. Risk is there is a higher offer ( which on the face of it would seem unlikely ) and you have broker fees.

i hope you are not responding to me because. You are confined to the Garbage bin.

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Filtered and staying there where you belong.

Have Shroeders not consulted Stt1 added again.

Dont know what chart you are looking at but ever since your pearls of wisdom advised how good an opportunity this was / is it has went down about 3p plus.